Wishful thinking, the eurozone, and François Hollande

François Hollande’s claim that “the crisis in the eurozone is over” says more about the wishful thinking of many European leaders than it does about economic and social reality, argues David Rowe

Alan Greenspan was nominated as chairman of the Federal Reserve Board six months after I left his employ. As word circulated at my new employer, an animated trader came up to me and asked, “Does he know that from now on if he stirs his coffee clockwise it means one thing and if he does it counter-clockwise it means something else?”.

The consequence of this unremitting scrutiny is that public officials are unlikely to be completely candid when they are asked awkward questions. Some degree of